January 20, 2023
By Ali Hibbs
Cedarwood Financial Partners Jumps to Commonwealth from Edward Jones.
Waltham, Mass.-based Commonwealth Financial Network, one of the nation’s largest hybrid advisor platforms, announced this week that it has recruited a team of 17 from Edward Jones, along with an additional $1 billion in assets and offices throughout Texas and New York.
Cedarwood Financial Partners, based in Temple, Texas, was launched in November by Managing Partners Dylan Riley and Todd Vincent and focuses on retirement income and planning strategies, executive benefits and 401(k) plans, and trusts, estate transfers and other complex financial situations.
“We knew we wanted to own our own business,” Ripley said in a statement. “Once we saw that we could have the freedom and the exceptional back-office support in one, we couldn’t unsee it.”
The team will use Commonwealth’s platform to provide alternative investments and options-trading strategies, as well as other capabilities and a “better client experience,” according to the announcement.
Vincent and Ripley are joined at the new firm by Angel Santiago, senior partner and director of technology; Jeremy Self, vice president of marketing; Alex Murphy, COO; Frank Shultz, vice president of investment solutions; Tim Hall, director of investment models; David Boothby, vice president of business development; Troy Vincent, Todd’s brother and a financial planner; and eight additional staff members.
